WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) Trading 2.4% Higher – Here’s What Happened

WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE)’s stock price shot up 2.4% during trading on Tuesday . The company traded as high as $35.99 and last traded at $35.99. 15,898 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 32,102 shares. The stock had previously closed at $35.15.

WisdomTree China ex-State-Owned Enterprises Fund Stock Up 2.4%

The company has a market cap of $442.68 million, a P/E ratio of 15.81 and a beta of 0.57. The business’s 50 day moving average is $34.05 and its 200 day moving average is $32.68.

WisdomTree China ex-State-Owned Enterprises Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Wednesday, June 25th were issued a $0.315 dividend. This is a positive change from WisdomTree China ex-State-Owned Enterprises Fund’s previous quarterly dividend of $0.11. This represents a $1.26 annualized dividend and a yield of 3.50%. The ex-dividend date was Wednesday, June 25th.

Hedge Funds Weigh In On WisdomTree China ex-State-Owned Enterprises Fund

Several institutional investors and hedge funds have recently bought and sold shares of CXSE. JPMorgan Chase & Co. purchased a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund during the fourth quarter valued at $49,000. Foundations Investment Advisors LLC purchased a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund during the first quarter valued at $485,000. LPL Financial LLC grew its holdings in shares of WisdomTree China ex-State-Owned Enterprises Fund by 8.7% during the fourth quarter. LPL Financial LLC now owns 15,659 shares of the company’s stock valued at $468,000 after buying an additional 1,257 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of WisdomTree China ex-State-Owned Enterprises Fund by 12.3% during the first quarter. SBI Securities Co. Ltd. now owns 17,917 shares of the company’s stock valued at $610,000 after buying an additional 1,965 shares during the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in WisdomTree China ex-State-Owned Enterprises Fund in the fourth quarter valued at $586,000.

About WisdomTree China ex-State-Owned Enterprises Fund

The WisdomTree China ex-State-Owned Enterprises Fund (CXSE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap-weighted index of Chinese companies that are not state-owned, defined as government ownership of less than 20%. CXSE was launched on Sep 19, 2012 and is managed by WisdomTree.